Mcconnell Foundation
- Assets
- $0.0
- Revenue
- $21.9m
- Investments
- $240.5m
- Employees
- 0
- Location
- Redding, CA
- Founding
- 01/1965
- Data as of
- 12/2020
- EIN
- 94-6102700
Organization Overview
Mcconnell Foundation is located in Redding, CA. The organization was established in 1965. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcconnell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Mcconnell Foundation generated $21.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $22.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mcconnell Foundation has awarded 697 individual grants totaling $56,779,041. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SUPPLEMENTAL INFORMATION.
SEE SUPPLEMENTAL INFORMATION.
SEE SUPPLEMENTAL INFORMATION.
SEE SUPPLEMENTAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 10 | $27,500 | |
Rebecca Andrews Controller | 50 | $179,050 | |
Darin Sanders It Administrator | 50 | $167,430 | |
Kelly Salter Sr. Program Officer | 40 | $165,154 | |
David Tanner Program Officer | 40 | $150,430 | |
Rachel Hatch Sr. Program Officer | 50 | $142,428 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Strucframe Llc | 12/30/21 | $311,394 |
Carr Kennedy Peterson & Frost | 12/30/21 | $316,502 |
Modern Building Inc | 12/30/21 | $2,463,689 |
Lsv Asset Management | 12/30/21 | $716,690 |
Cox Real Estate Consultants | 12/30/21 | $179,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,376,079 |
| Interest on Savings | $1,333 |
| Dividends & Interest | $3,100,174 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,728,486 |
| Total Revenue | $21,867,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,148,550 |
| Pension plans, employee benefits | $1,604,105 |
| Depreciation | $2,986,057 |
| Occupancy | $340,834 |
| Travel, conferences, and meetings | $18,428 |
| Printing and publications | $56,063 |
| Total operating and administrative expenses | $15,866,714 |
| Contributions, gifts, grants paid | $7,067,242 |
| Total expenses and disbursements | $22,933,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,200 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,687,919 |
| Other assets | $7,136,062 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,877,980 |
Grants Awarded
Over the last fiscal year, Mcconnell Foundation has awarded $16,300,697 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
BLOCK 7 RETAIL INVESTORS LLC PURPOSE: PARKING GARAGE FOR BLOCK 7 NET ZERO HOUSING AND DOWNTOWN ACTIVATION PROJECT | $3,762,438 |
REDDING CITY OF PURPOSE: CITY OF REDDING BLOCK 7 HCD/AHSC FUNDING ($3,603,661); 2018-2022 4TH OF JULY FIREWORKS ($85,0000); REDDING POLICE EXPLORERS PROGRAM IN HONOR OF BOB BLANKENSHIP ($25,000) | $3,713,661 |
Redding, CA PURPOSE: OPERATING SUPPORT FOR CALENDAR YEAR 2020 ($1,500,000); SUSTAINABILITY GARDENS - 2020 SITE MAINTENANCE ($70,000); GENERAL SUPPORT ($13,181) | $1,583,181 |
SHASTA LAND TRUST PURPOSE: GENERAL SUPPORT; DRONE PROGRAM ($1,062); ROSS RANCH CONSERVATION EASEMENT ($1,362,500) | $1,363,562 |
Redding, CA PURPOSE: OPERATING SUPPORT | $1,067,048 |
Redding, CA PURPOSE: NORTH STATE TOGETHER 2020-2027 ($778,800); TRIO PROGRAMS; VETERANS CAREER PATHWAY PROGRAM ($4,500) | $783,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcconnell Foundation has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Garfield Foundation Marion, MA PURPOSE: EXEMPT PURPOSES | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |